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Communiqué from the 2018 Annual General Meeting of Catena

Catena AB (publ) held its Annual General Meeting on 26 April 2018. In his speech at the Annual General Meeting, Chief Executive Officer, Benny Thögersen, gave an account of the 2017 financial year.

Following the adoption of the balance sheet and income statement in the Annual Report, the Meeting resolved, in accordance with the Board’s proposal, to approve payment of a dividend of SEK 4.50 per share. The record date was set as 30 April 2018 and the dividend is expected to be paid on 4 May 2018.

The Annual General Meeting resolved that the number of Board Members elected by the Annual General Meeting should be seven ordinary members with no deputies. The Meeting approved the Nomination Committee’s proposal that Bo Forsén, Gustaf Hermelin, Henry Klotz, Katarina Wallin and Hélène Briggert (formerly Hélène Nathhorst Spångberg) be re-elected, that Tomas Andersson and Ingela Bendrot be newly elected as ordinary members, and that Gustaf Hermelin be re-elected as Chairman of the Board. The auditing firm, PricewaterhouseCoopers AB was appointed auditor, with authorised public accountant Mats Åkerlund as the principal auditor. The Annual General Meeting discharged the Board members and CEO from liability for the 2017 fiscal year.

The Annual General Meeting approved the Nomination Committee’s proposal for remuneration of SEK 300,000 (previously SEK 250,000) for the Chairman of the Board and SEK 150,000 (previously SEK 125,000) for each of the other Board members not employed by the Company. The Meeting resolved that remuneration for work in the Remuneration Committee would be added in the amount of SEK 40,000 (previously SEK 40,000), to be distributed with SEK 20,000 being paid to the chairman of the committee and SEK 10,000 each being paid to the other two members; that remuneration for work in the Audit Committee would be added in the amount of SEK 100,000 (previously SEK 100,000), to be distributed with SEK 50,000 being paid to the chairman of the committee and SEK 25,000 each being paid to the other two members.

It was resolved that fees to the auditors be paid according to customary standards and approved invoicing. The Board’s proposal for remuneration principles for senior executives was also approved. The Annual General Meeting resolved that no changes be made to the instructions on the composition of the Nomination Committee and that fees should not be paid to the members of the Nomination Committee.

In accordance with the proposal presented, the Annual General Meeting authorised the Board to acquire and divest treasury shares. Acquisitions and divestments may not exceed one-tenth of the Company’s total shares. The Annual General Meeting also authorised the Board to decide on a new share issue not exceeding one-tenth of the total number of shares outstanding.

The Annual General Meeting resolved to amend the Articles of Association, entailing changes to the registered office of the Board, the limits for the share capital and the number of shares, the location for General Meetings and a record day provision as per the proposal by the Board of Directors, which was included in full in the notice convening the Annual General Meeting.

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Catena shall sustainably and through partnerships develop efficient logistics facilities that serve the metropolitan
regions of Scandinavia. In Sweden, with its substantial distances and considerable dependency on exports, transport efficiency constitutes an important factor in companies’ profitability.